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Order Confirming Chapter 12 Plan And Resolving Motion Form. This is a Oregon form and can be use in Bankruptcy Court Federal.
Tags: Order Confirming Chapter 12 Plan And Resolving Motion, 1255, Oregon Federal, Bankruptcy Court
UNITED STATES BANKRUPTCY COURT DISTRICT OF OREGON In re Debtor(s) ) ) ) ) ) Case No. ORDER CONFIRMING CHAPTER 12 PLAN AND RESOLVING MOTION The debtor's current plan was transmitted to the appropriate creditors and after hearing upon notice, the Court found the provisions of 11 U.S.C. §1225(a) were complied with, THEREFORE IT IS ORDERED that: 1. The debtor's plan dated as modified by any amendment shown in ¶ 10 below, is confirmed. 2. The debtor shall incur no credit obligations during the life of the plan without the trustee's written consent unless made necessary by emergency or incurred in the ordinary course of operating the debtor's business. Unless waived by the trustee in writing, the debtor shall immediately report to the trustee if actual or projected gross annual income exceeds by more than 10% the gross farming income and/or net farm income projected by the debtor in the most recently filed Exhibit D-1. Except for those amounts listed in the schedules, the debtor shall immediately report to the trustee any right of the debtor or debtor's spouse to a distribution of funds (other than regular farm income) or other property which exceeds a value of $2,500.00. This includes the right to disbursements from any source, including but not limited to bonuses and inheritances. Any such funds to which the debtor becomes entitled shall be held by the debtor and not used without the trustee's permission, or, if such permission is not obtained, a court order. The debtor shall not buy, sell, use, lease, encumber or otherwise dispose of any interest in: (a) real property; or (b) personal property with a value exceeding $10,000.00 outside the ordinary course of business without notice to all creditors and the trustee with an opportunity for hearing unless such property is acquired through the use of credit and the trustee's permission is obtained pursuant to the first sentence of this paragraph. 3. The debtor's attorney is awarded $ , for attorney fees herein, of which $ has been previously paid by the debtor leaving a balance of $ . The trustee is directed to pay any balance from sums remaining after payments under paragraph 2(b) of the plan are current. 4. The value of collateral actually securing debts due holders of secured claims is fixed at the values stated in the plan or the modifications in ¶ 10 below. Executory contracts and unexpired leases are assumed or rejected as provided in the plan or the modifications in ¶ 10 below. The name AND service address for each creditor affected by this paragraph are as follows: . American LegalNet, Inc. www.USCourtForms.com 1255 (6/15/05) Page 1 of 2 [NOTE: Printed text may NOT be stricken!] 5. The debtor(s) shall, during the life of the plan, timely file all required tax returns and provide copies of all tax returns to the trustee each year immediately upon filing with the taxing authority. 6. Nothing in the proposed plan or in this order shall be construed to prohibit the trustee from prevailing in any adversary proceedings filed under 11 USC §§544, 545, 547, 548 or 549. 7. The debtor, if operating a business without a tax account, shall open a separate bank account and promptly deposit all sums withheld from employees' wages and all employer payroll taxes, and shall make no disbursements from such account except to pay tax liabilities arising from payment of wages. 8. All payments under the confirmed plan shall be paid no later than 5 years after entry of the first order confirming a plan in this case. If all payments are not completed by that date, the case may be dismissed upon the filing of a statement by the trustee regarding the failure to complete payments. 9. All creditors to which the debtor is surrendering property pursuant to the plan are granted relief from the automatic stay to effect possession and to foreclose. 10. The debtor moved to amend the plan by interlineation as follows, which amendments are allowed and become part of the confirmed plan [NOTE: Debtor must INCLUDE a service address for any creditor named below]: 11. The terms of this order are subject to any objection filed within 15 days by [NOTE: Debtor must INCLUDE a service address for any affected creditor whose address is not already listed in ¶¶ 4 or 10]: . 12. The trustee is authorized to commence disbursements in accordance with the plan. 13. In the event this case is converted to one under Chapter 7 and the Chapter 12 trustee possesses funds aggregating more than $1,000.00 at the time of conversion, the trustee shall forward all such funds to the Chapter 7 trustee. In the event the funds in the trustee's possession at such time aggregate $1,000.00 or less, or in the event this case is dismissed, the trustee shall forward all funds in the trustee's possession to the debtor in care of the debtor's attorney, if any. Nothing in this paragraph is to be construed as a determination of the rights of the parties to such funds. American LegalNet, Inc. www.USCourtForms.com ### I certify that on I served this Order on the trustee for submission to the court. DEBTOR OR DEBTOR’S ATTORNEY Approved: Trustee 1255 (6/15/05) Page 2 of 2 [NOTE: Printed text may NOT be stricken!] American LegalNet, Inc. www.USCourtForms.com